INDIAN EQUITY MARKET WRAP UP - 27 JUN 2016

INDIAN BENCHMARKS: SENSEX NIFTY ENDS FLAT, SENSEX UP 5 POINTS AT 26402.96, NIFTY UP 6 AT 8094.70

The S&P BSE Sensex was trading in range on Monday as uncertainty over the consequence of the Brexit referendum still hung over investors psyche.

The Nifty50 was trading around its crucial support level of 8,050 weighed by losses in realty, IT, consumer durable, banks, and capital goods stocks.

The market has ended flat with the Sensex up 5.25 points at 26402.96. The Nifty was up 6.10 points at 8094.70. About 1822 shares have advanced, 791 shares declined, and 177 shares are unchanged. 

Dr Reddy's Labs, Cipla, SBI, Sun Pharma and L&T were top gainers while TCS, Infosys, Wipro, Asian Paints and Bajaj Auto were losers in the Sensex.

HEADLINES OF THE DAY

HDFC to raise funds via bonds on private placement.

Glenmark receives tentative approval for Olmesartan Medoxomil.

Bajaj Finserv gains on plans to buy Allianz’s stake in insurance JV.

The crucial resistance for Nifty spot is now seen at 8135 and above this 8295. Support for the immediate term is now placed at 7950 and next support will be 7880.

                         

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